Pepperdine School of Public Policy Establishes Theodore J. Forstmann Scholarships: "Beginning in the fall of 2005, 12 Forstmann Scholars will be chosen from the class of 2006. In addition, 12 first-year students from the incoming class of 2007 will be selected and the awards will continue through their second year to the completion of the master of public policy degree.

Current and prospective students may learn more about the Forstmann Scholarships by visiting http://publicpolicy.pepperdine.edu/forstmann. In addition to demonstrating academic excellence, each applicant must write a 500-word essay describing the proper spheres of government, individual initiative, transcendent ethical principles, and free markets needed in the formulation and implementation of American public policy."